In The News: Department of Economics

KTNV-TV: ABC 13

The possibility of a culinary union strike in Las Vegas is leaving visitors concerned.

Apartment Advisor

In the last six years, built-for-rent single family housing starts (AKA permits) have risen by 86%, according to the latest data from the U.S. Census. Though its growth has slowed in recent months (most likely due to rising interest rates on construction loans), built-for-rent construction is certainly still growing.

KSNV-TV: News 3

Gas prices around Las Vegas have been sharply increasing in recent weeks and it's causing a palpable pain amongst residents. Some have said it's forcing them to cut down on spending elsewhere.

KTNV-TV: ABC 13

Major new developments are coming to the Las Vegas valley by the end of this year.

Las Vegas Business Press

According to reports by Coldwell Banker, 2023 will be a record-breaking year for apartment complex completions in Las Vegas as 19 high-end multifamily developments have or will be completed this year or by early 2024 — adding 7,000 units to the city’s inventory. By contrast in 2022, only 882 units came online.

KLAS-TV: 8 News Now

Stephen Miller, director of research for UNLV’s Center for Business and Economic Research, says in this kind of climate, employees have the upper hand.

Wealth of Geeks

In this year's June Consumer Food Insights Report, the United States is confronted with a rise in food insecurity, reaching 17 percent. That matches the rate reported back in March 2022, the second instance within just 18 months that the nation has grappled with such distressing levels of food insecurity.

Vegas Inc

Millions of people in the United States with federal student debt might have to readjust their spending this fall, when student loan interest and repayments are slated to resume after a three-year pause brought about by the COVID-19 pandemic.

Las Vegas Review Journal

Las Vegas finds itself at an interesting point in terms of demographics and real estate. UNLV’s Center for Business and Economic Research projects the valley will continue to grow year over year for the foreseeable future, adding 42,066 residents in 2023 alone. And National Low Income Housing Coalition estimates the valley is already short close to 84,000 low-income rental units, a number that has been steadily rising the past few years.

KLAS-TV: 8 News Now

A new study by the University of Nevada, Las Vegas shows an interesting trend in rent prices across the valley. Rent is increasing in lower-income areas while decreasing in higher-income areas.

KTNV-TV: ABC 13

The average rent prices are down in our valley, according to a July report, but a new UNLV study reveals the trend may only be happening in certain neighborhoods.

Las Vegas Review Journal

Low-income renters in Las Vegas are feeling the pain due to a rare market phenomenon, according to a new study from UNLV’s Lied Center for Real Estate. Director Shawn McCoy, the author of the study, said one graph tells a compelling story.